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. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt is to make significant spending cuts and fix our tax code. to pave the way for long term growth and opportunity. this is an approach most americans support and remains republicans' highest priority. but we only run the house. democrats continue to run washington. >> reporter: the president left town for his traditional christmas in hawaii and he and his family arriving there this morning and he has gotten in a round of golf already. before leaving the white house, he stayed back hayes spe-- scal back his expectations, and he said it is time for compromise. >> president barack obama: we move forward together sore we
-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the g-o- p. >> house republicans have gotten the message loud and clear that a comprehensive solution to the looming fiscal cliff will need to be a bipartisan solution. >>reporter: senate republican leader mitch mcconnell said the n
left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax increase for most americans. ten days is enough time to make a deal if republicans and democrats each decide to give some more ground. but tonight there are no such signs. that leaves millions of holiday shoppers tonight spending money against a paycheck that may soon get noticeably smaller. we'll dig down on how this could affect your bottom line. but first, let's find out where negotiations stand. nbc's kristen welker is traveling with the president in honolulu. hello, kristen. >> reporter: lester, good evening. president obama played a round of golf this afternoon but white house officials say this is also a working vacation for him and for his staffers. that is little comfort for the millions of americans wondering what the uncertainty in washington means for them. president obama arriving in hawaii after leaving a washington in disarray. while the president put politics aside for his weekly address -- >> m
christmas. benefits will end december 29th if congress does not contact on the fiscal cliff. and according to the national employment law project, another one million jobless americans will also exhaust their state benefits early next year. karen duckett is just one of the folks who will be affected. she survived breast cancer, yet doesn't know how she and her grandson will make ends meet once their benefits run out. the checks keep a roof over our head. i can't even imagine what we're going to do without that check. the cbo, the congressional budget office, says extending benefits another year will cost $30 billion, a small price tag when you consider other costs like extending tax cuts for millionaires. i'm joined tonight by john nichols, washington correspondent of "the nation" magazine. john, great to have you with us. you know, we focus on the deal, you know, who is going to get the tax break, where is the spending cuts, where are they going to come from. but in the backdrop of all of this, millions of americans have no security this christmas. they don't know whether their benefits a
where did that leave things terms of the fiscal cliff? here's l jonathan karl. >> congress not a creature is stirring. no deal is in sight. with deadline looming and seemingly no hope anywhere, the president made one last appeal tonight before washington goes on vacation. >> as we leave town for a few days to be with our families, through the holidays, everybody can cool off. everybody can tl drink some egg nog. now is not the time for more self inflicted wounds. certainly not those coming from washington. >>reporter: but the 2 sides don't even seem to be trying any more. what are we going to do now. >> i'm interested in solving the major problems that face our country. and that means house leaders senate leaders and the president are going to continue to have to work together to address those concerns. >>reporter: speaker boehner says the only way out is a deal that cuts spending and reforms the tax code but even he seemed to suggest that is virtually impossible now. >> how we get there god only knows. >>reporter: boehner attempt add so-called plan b last nigh nig
that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy with a gun is a good guy with a gun. >> reporter: he was pushing a different solution. >> there are
up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. wh
the midwest, we will tell you what is ahead for the travel plans. we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are both positive and feel something can get done. while both sides are away, the away and president in hawaii, can they get something done? >> reporter: well, look, richard, this will be a working vacation for president obama and i can also tell you that staffers on both sides of pennsylvania avenue will be in talks over the next several days despite the fact that they are technically on vacation. will they be able to get manage done that is significant over the next several days? probably not. but of course, lawmakers will head back to d.c. after the ch
the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> "outfront" tonight, chief white house correspondent jessica yellin and dana bash. ladies, nice to see both of you. jessica, we'll start with you. the president's message was short a
for the white house and congress to reach an agreement on the fiscal cliff where millions of americans will be paying the price in their paychecks. but congress is now on holiday recess. and president obama is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at a later point. just lay the ground work at this point. we also know before the president left, he talked by phone with house speaker john boehner. he met in person with harry reid, althoug
ever that the nation's economy will fall off the fiscal cliff. president obama is calling on congress to do just enough to change that. it's a change from his previous push for sweeping reforms. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible solutions of their own. >> the chance for any deal may now be up to the democratally controlled senate since the speaker's plan to allow taxes to be raised for millionaires have gone down. >>> the first lady and president will attend the funeral for senator daniel inouye. >>> massachusetts voters faced another race since john kerry is now the official nominee for secretary of state. the state will have to hold a thir
to avoid the fiscal cliff. members of congress have left washington to be home for the christmas holiday. earlier we spoke to a republican house member. now we're talking with congresswoman marcy cap tore an ohio democrat. joining us from detroit. first, congresswoman, let's listen to what speaker boehner had to say about the situation. >> we've got differences, but the corrupt's got big spending problems. we've got to the get serious about addressing them. >> he also said taxes should not go up in anyone's -- the first million dollars of income that anyone makes. how do you respond on the spending cut side of things and why do you disagree with his tax break plan? >> well, we need both and we need no more division. the american people want unity. the speaker and i both come from the state of ohio. you know it was battleground ohio a few weeks ago before the election. president obama won. the president wants to reach an agreement. we would like speaker boehner along with those in his own party who oppose him to come forward with a proposal that they agree on. our are problem is on the re
expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring families together and many would like to see that happen at the national level as well. >> so i think the tax issue and the job issue needs to be looked at together and it shouldn't be divided among rich or middle class, or lower class it shouldn't be any class, it should be america coming together and right now in our house that's a big cause of debate. >> reporter: but washington isn't a source of optimism these days. >> if they make a deal it certainly won't be a good one, they'll say this is something we've got to get done and i don't think it's going to be using any brain power to do it. >> reporter: already there is growing talk in washington of a so-called mini-deal. >> let's hope they do.
called on congress to solution. to avoid some end- of- the year tax hikes. due to the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown continues. house and senate members have already recessed for the holidays. >> president obama will nominate senator john kerry as the next secretary of state. he made the announcement at the white house today. current secretary of state hillary clinton is stepping down in january.u-n ambassador susan rice was reportedly on the short list, but took herself off it, citing a "
of what they want. lou: there ae only ten days remaining to the fiscal cliff. president obamaeaded to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me hat his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of billions
cliff. >> it's the president's job. it's his job to find a solution that can pass the congress. he is the only one who can do it. >> president obama met with speaker boehner and senate majority leader harry reid today, but still there is no deal. the president took to the podium late this afternoon to explain the next step. >> in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> you know, president obama today could have come out, and he could have just punched boehner right in the nose. he could have come out and kicked the guy when he was politically down. but the president came out today with a demeanor of, hey, let's do a deal. it was a rough night at the office, but let's not give up on this. president obama has gone back to the basics. the days of the grand bargain he knows are over. but the president wa
. carolyn, let me ask you, watching congress and the president battle what to do about the fiscal cliff, who is really in control hereof the people's money? we know what's going to happen if we go over the fiscal cliff, our economy is going to rise because of our taxes going up, but who is really in control of our personal expenditures and income? >> absolutely, kelly. you hit a key point and you are in control. i think along with that hope and that consumer confidence that we've been talking about, there is clearly fear with many consumers, people don't know what's going to happen with their income taxes and long-term capital gains. something that everybody needs to be aware of, alternative minimum tax. this is something that people don't know that much about, but more than 30 million americans could get hit with this amt at about $3,000 extra on your tax bill. these are some of the things you need to sit down and be aware of and back to your point, kelly, that's up to you to take control. >> kelly: so, get educated. caroline, i wish we had more time to talk to you. that's a very he interes
, -- at least today, the stock market did not like peeking over the fiscal cliff. >>> shoppers looking for one thing and one thing only, yep, the shoes. >>> coming up, the timing of two very strong heavy rainbands that'll move in this weekend and your christmas forecast >>> congress and president barack obama are heading into christmas break without an end to the fiscal cliff. >> this is something within our capacity to solve. it does not take that much work. we just have to do the right thing. >> because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. >> republican house speaker said it is up to president barack obama and senate democrats to draft a deal. >>> growing pessimism about a deal getting tk-b sent stocks into a tail spin. the dow suffered triple digit losses and the nasdaq took a hit falling 29. california's unemployment rate is below 10% for the first time in almost four years. the latest unemployment rate dropped to 9.8% in november. down from 10.1 in october. jobless rate has not been this lo
republicans in congress as the fiscal cliff looms. so what happens next? moments away. >> continuing now with top story this evening. today corporal john hammarar found out he is going to be spending christmas with his family rather of course alone in a mexican prison. hammar's family is from florida. several members of the florida congressional delegates including senators bill nelson and marco rubio helped lead the fight to free the marine. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoman roth layton, it's so good to see you. >> thank you, laura. >> laura: beaten up in congress. approval rating is down. but now we see congress actually gets rules with the help of the factor of course and all of fox news. go ahead. tell us what happened. how did this all go down? >> well, absolutely fox news and o'reilly factor you guys saved his layoff. i mean literally, remember that as you said in the top of the program the parents tried to do it it the old fashioned way. john ha
. to keep the economy from going over the fiscal cliff. before leaving, the president pushed congress to approve a stripped-down measure to keep taxes from rising but for all of the wealthiest americans. >>> and a former marine held in mexico for months is back home. jon hammar was arrested trying to cross into mexico with a shotgun that belonged to his great grandfather. >>> and twinkies could be back on store shelves. the company says it's close to selling its brand. >>> finally, a major milestone for the biggest viral video ever. psy's "gangnam style" has become the first video to reach, check this out, 1 billion views on youtube. in second place, i'm told, was a video by our friend, justin bieber. >> does the mayan end of the world prophecy didn't come true. but there are some signs. >> and by the way, my step kids corrected me. it's "gangnam style." >> what did i say? >> it's "gangnam style." >> all right, bianna. we'll talk later. >>> time for the weather and ginger zee at o'hare airport. good morning, ginger. >> good morning, ron. i know you lived here, too. it feels good to be
. >> thank you very much. >>> good evening, i'm in for chris matthews. leading off tonight, fiscal cliff hanger. president obama calls on congress to act after christmas on a scaled down deal that would spare the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with se
♪ >>> out front next as we quickly approach the fiscal cliff, president obama nishs a new proposal to congress. one week after the deadly school shooting in newtown, connecticut, communities across the nation and around the world pay tribute to the victims. and the national rifle association speaks out for the first time since the attack. it proposes a controversial plan to prevent similar mass shootings. let's go out front. >>> good evening, everybody. i am soledad o'brien in forever inburnett tonight. out front this evening, lowering expectatio expectations, just ten days until we fall off the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >>
cliff of tax increases and spending cuts. still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5% but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shopper track, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth has been solid but people are still very tight with their p
on the fiscal cliff. today president obama called on house speaker john boehner to come back to the negotiating table. >> the american people are a lot more sensible and a lot more thoughtful and much more willing to compromise and give and sacrifice and act responsibly than their elected representatives are. >> now, the first family on their way to hawaii for the holidays. the president says he'll return to washington if there's a deal. >>> there were five funerals in newtown, connecticut, today for two adults and three children. six-year-old olivia engle loved being a big sister and helping her little brother explore. dillon loved chocolate. grace's family says she dreamed of being a painter. >>> we started to see all the ribbons and all your tributes to emily, everywhere, and a lot of you guys don't even know who she is. a lot of you never even met her. >> the last two faculty members were also laid to rest today. rachel's boyfriend was planning to propose on christmas eve. school psychologist mary sherlock was remembered for her devotion to kids in trouble. >>> condolence letters have overw
is in hawaii, members of congress are moment for the holidays. any chance they get a fiscal cliff deal done before the end of the year and then, one congressman who said this week, he is willing to lose his seat to support stricter gun control, he is going to join us after the break. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full pres
over the fiscal cliff did wayne lapierre think that with the few days left in congress they could get a report that no one would know what it would cost? it's mind-boggling. so i think if you're going to suggest something, if you want to be taken seriously, you have to have something that could happen rather than not happen. so school guards, he mentioned a lot of things mp media violence, video games, everything, but the gun component and that was such an omission that it made even somebody. this is not about the second amendment. this is about finding some practical solutions and he didn't seem to offer any of them. >> the gun component was brought up and his suggestion was to arm the schools and senator dianne feinstein quick to criticize and they had a news conference to respond to the nra and i read from the police report from 1999 and she was noting that at columbine there were two armed guards that could not stop the killers. let's listen to that, and then, mark, i want to get your response to that. >> there were two armed law enforcement officers who twice engaged the shooters
. >>> the january 1 deadline to reach a deal on the fiscal cliff is closing in. the president and congress remain just as divided. here i am. and now they're geographically divided, too. cnn's emily schmidt is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to
fiscal cliff now just nine days away is on the minds of many shoppers tonight. and today, as the president and congress began their christmas vacations we got a rare inside look at the bare knuckle behind the scenes negotiations and abc's david kerley is at the white house tonight. david, good evening to you. >> reporter: it's already vacation mode for everyone in congress and the guy who usually in the house behind me. the first family arrived in the dark, but woke up to paradise for the holidays. however the president may not stay because he didn't get his wish -- a deal with congress. members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. >> washington has a serious problem tonight. the president's solution of raising taxes -- >> the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources when the speaker offered
for a bipartisan agreement to prevent going over the fiscal cliff. >> the american people are a lot more sensible and a lot more that you feel and much more willing to compromise and give and sacrifice and act responsibly than their elected representatives are. >> when congress resumes, there will be just four days to come up with an agreement. >>> the oakland school district is facing allegations of mishandling federal money. it's being told to pay back thousands of dollars. an audit was conducted after a cbs 5 investigation questioned how a private school was getting federal money. how the district is defending its actions. >> reporter: for years, this private religious school has received thousands of dollars in federal funds, $50,000 just this year doled out by the oakland unified school district. it's the school that sends its students out to bart stations to solicit money, sometimes late into the night. tonight they left after we approached them. >> get out of my face. >> reporter: a joint cbs 5 california watch investigation earlier this year questioned the district's lack of oversight, a
in the next week washington will find a way to avoid this fiscal cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination. the economy right now warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy, grew by an annual rate of 3.1% over the summer. that's more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growt
to the latest on the fiscal cliff. there is still no deal in washington. if congress and president obama do not come up with terms on addressing the issue severe cuts at the nation's budget will kick in. workers will see their taxes go up and their take-home pay will take a hit as early as mid january. joining us over the phone this morning is tax expertdean marycanning from golden gate university. mary, can you explain the impact on tax payers is no deal is reached? >> they may be subject to increases. it just depends on the income levels. >> even more maybe, here is an example. a taxpayer that maybe a couple with two kids they think it will just impact people with a higher level. but if you even have a family that just are a hundred thousand dollars a year. and they had a high tax reform a prior-year there one person was working and now they are not. they have personal expenses for each one of them these will be preferences. they have had this back for their alternative minimum taxes to be calculated. they can pay an additional $5,000 in taxes. >> i again if you are operating on--we're lo
worked tirelessly for his release. and later a civil war among republicans in congress as the fiscal cliff looms. so what happens next? moments away. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking
days left for congress and the white house to make a deal and avoid the so-called fiscal cliff. the first family arriving in hawaii for the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unv
by the fiscal cliff firasco and many americans may suffer because of it i think to look at what you are saying, - congress is ashamed to bringing uncertainty to americans who rely on tax returns to put back in the economy. i am sure for a lot of these folks that money is spent to pay off bills and holidays and get breathing room. it is it heart breaking. it is true for work wealthy and americans. we talk about how the market is hating uncertainties. it is not the huggies sold. it is government. to tracey's point you have potentially 100 million americans and trillions worth of wealth waiting on government to make arbitary decision . we have rational people here trying to pay their taxs and live their lives and how can they plan rationally . trillions of dollars 15 days out. >> good americans willing to pay their fair share and government had their money for a year and they at any point back. we are looking at a potential delay. it is frustrating . they do deserve their money back. it is disgusting to me. i don't think it is it the worst in the history of the united states it is the worst in th
. his remarks came as congress left washington without a plan and to avoid the fiscal cliff. the president met with senate majority leader harry reid and he also spoke with house majority leader john boehner. he hopes any deal would also include an extension of unemployment insurance and lay the groundwork for a larger deal. this is about seven minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle- class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the r
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